TIVAN LIMITED — Capital/Financing Update 2011

Nov 30, 2011

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ASX ANASX ANNOUNCEMENT OUNCEMENT

TNG FURTHER EXPANDS NORTHERN TERRITORY COPPER PORTFOLIO

ASX CODE: TNG ASX CODE: TNG

NEW LICENCE SECURED WITH HISTORIC RESULTS OF 5-21% Cu

REGISTERED OFREGISTERED O F ICE FICE TNG Limited TNG Limited Level 1, 282 Rokeby Road Level 1, 282 Rokeby Road Subiaco, Western Australia 6008 Subiaco, Western Australia 6008

T +61 8 9327 0900 T +61 8 9327 0900 F +61 8 9327 0901 F +61 8 9327 0901

W wW ww w.tngltd.com.au .tngltd.com.au E corporate@tngltd.com.au E corporate@tngltd.com.au

ABN 12 000 817 023 ABN 12 000 817 023

DIRECTORS DIRECTORS Neil Biddle Neil Biddle Paul Burton Paul Burton Stuart Crow Stuart Crow Rex Turkington

COMPANY SECRETARY COMPANY SECRETARY Simon Robertson Simon Robertson

PROJECTS

PROJECTS Mount Peake: Fe-V-Ti Mount Peake: Fe-V-Ti Manbarrum: Zn-Pb-Ag Manbarrum: Zn-Pb-Ag East Rover: Cu-Au East Rover: Cu-Au McArthur: Cu McArthur: Cu

CONTACT DETAILS

CONTACT DETAILSPaul Burton | +61 8 9327 0900 Paul Burton | +61 8 9327 0Nicholas Read | +61 419 9 29 046 00 Nicholas Read | +61 419 929 046 Simon Robertson | +61 8 9327 0900 Simon Robertson | +61 8 9327 0900

Highlights

• New Exploration Licence secured in Mount Doreen area of the Northern Territory prospective for copper mineralisation.

• New EL contains recent surface rock chip results grading up to 21% Cu, 3km north of historic Mount Hardy copper field.

• Tenement also includes significant outcrop and undercover extensions of the prospective Lander Group rock formation, which hosts copper and gold mineralisation in the area.

Australian resources company TNG Limited (ASX: TNG ) is pleased to advise that it has further expanded its Northern Territory copper exploration portfolio after securing a new Exploration Licence in the Mt Doreen area ( see Figure 1 ) including known occurrences of copper mineralization with grades from recent rock chip sampling of up to 21% Cu .

The new EL, which covers a total area over 220km[2] , was explored for base metals in the 1980s and 1990‟s by companies including Normandy/Posgold, BHP Minerals Pty Ltd and Tanami Gold NL, returning numerous anomalous results ( see Figure 2 ).

The tenement covers the highly prospective Lander Group, which hosts copper and gold mineralization in the area.

The new projects represent a significant addition to TNG‟s Northern Territory minerals portfolio, providing an exciting new exploration target for copper alongside its highly prospective 100%-owned McArthur copper project and the Mount Peake Project licences, where significant copper mineralisation also occurs near its large vanadium deposit.

The Company plans to accelerate its copper exploration activities in 2012, alongside its plans to progress the Mount Peake Vanadium Project

Mount Hardy ELA 29219

The Mount Hardy Copper Project is located within the historical Mount Hardy Copper Field, approximately 300km north-west of Alice Springs. The project area is situated on the Mount Doreen (SF52-12) and Mount Theo (SF52-08) 1:250,000-scale sheets. Access to the Mount Hardy tenement is via the Tanami Highway.

The Mount Hardy target area is approximately 3km north of the historic Mount Hardy Copper Field, which is located within the Ngadarunga Hills, 30km northwest of the Yuendumu community.

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The Mount Hardy copper workings are hosted within the Lander Group comprising Lander Group schists and Reynolds Range Group quartzites which occur in the licence area and potentially extend under unexplored areas covered by transported sand and gravels.

TNG‟s Managing Director, Mr Paul Burton, said the new licence had been secured as part of the Company‟s ongoing search for highly prospective areas to further expand its exploration portfolio in the Northern Territory.

“This new tenement contains highly prospective copper exploration targets in a region that is relatively underexplored due to transported cover material, but has demonstrated geological potential to host significant copper mineralisation,” Mr Burton said.

TNG LIMITED

Paul E Burton Managing Director 01 December 2011

COMPETENT PERSON STATEMENT

The information in this report that relates to Exploration Results and Targets are based on information compiled by Mr Paul Burton, B.Sc, M.Sc, is also a Member of The Australasian Institute of Mining and Metallurgy , and an employee and Director of TNG Limited. Mr Burton has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the „Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves‟. Mr Burton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Enquiries:

Paul E Burton, Managing Director + 61 (0) 8 9327 0900 Nicholas Read, Read Corporate + 61 (0) 419 929 046

TNG Limited | ASX Announcement

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Figure 1: Location Map

TNG Limited | ASX Announcement

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Figure 2: Historic Copper results ELA 29219

TNG Limited | ASX Announcement